Estate Planning

Do Your Beneficiaries Have to Go Through Probate Law? Probate is known to be a tedious and stressful process, but beneficiaries must receive assets through a will. Does this mean that the beneficiaries are legally required to proceed with the probate process and that executors are required to begin the process? The answer may surprise you, but if you or your beneficiaries are planning to...

Understanding Debt Inheritance and How to Protect Your Estate Planning your estate for the future typically revolves around what you leave behind for your loved ones. Amidst your assets and heirlooms, one crucial aspect that you may have forgotten about is debt inheritance. In Pennsylvania, your estate will have to be used to pay off any debts, and if you’re not careful, your beneficiaries...

Avoid As Many Taxes As You Can With Legal Help When an individual passes away and leaves behind assets for heirs to inherit, those assets may be taxed. As an estate planning law firm, we have helped clients plan their estate accordingly to reduce the tax burden on their heirs as much as possible. We can help you and your family reduce the tax burden that you may experience. The estate...

One of the worst parts of the probate process is seeing how the probate courts will tax the assets the deceased left to their loved ones. Not only do they have to deal with the loss of someone dear to them, but the state gets to take a cut of the assets their loved one worked hard for. However, certain assets should not be taxed in Pennsylvania.  The Pennsylvania inheritance tax is...

Prepare Your Family For The Probate Process As an estate planning law firm, Pike Law has encountered numerous cases where people have passed away without a will or trust. We’re often asked if there’s anything we can do post-humously, and the truth is, once someone dies without a will, it’s in the hands of the state. We always recommend that people create a will so they don’t die...

A trust is a legal arrangement where someone creates a legal entity (the trustee) to hold and manage assets for the benefit of another person (the beneficiary). This arrangement allows people to transfer their assets, such as property or money, to a trustee who then manages or receives it according to the terms set out in the trust document. This is a way to pass down your assets to someone...

A will is one of the most basic estate planning tools. It’s used to decide how you want your assets distributed to your surviving loved ones after you pass. If you die without a will, the state law will take over distributing your assets, which may or may not line up with your final wishes. That said, not all assets can be included in a will.  Clients often try to add certain types of...

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